Hong Kong’s property developers have been left reeling after a sell-off purportedly attributed to the Chinese government’s injunctions for them to serve the national interest drained 6.75 per cent from a gauge that tracks the city’s real estate stocks.Housing affordability has long been one of the top woes afflicting Hong Kong, and Chinese government officials had long urged the city’s developers and authorities to put their resources together to address the issue, in adherence to Chinese…
Source : South China Morning Post
Read more…Hong Kong developers plunged into turmoil amid concerns Beijing targeting property firms, six firms lose US billion in market value
